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Dec 3, 2012
12/12
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i say fiscal cliff, david, you say? >> we have a short-term ficscal cliff. we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts, there will be a foot race to fire people if we don't get this cliff taken care of which is why if we're going over the
i say fiscal cliff, david, you say? >> we have a short-term ficscal cliff. we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press"...
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Dec 18, 2012
12/12
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CNBC
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how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business? >> i think over the last number of years, this country has worked so hard to bring confidence back to the marketplace. i think this is the one event that would destroy that confidence that we've built up. if we destroy confidence, i think we're going to have a whole lot of small business owners who will postpone decisions, step on the break, slow things down. this whole concept of let's do no harm to the economy will be shattered. >> nobody likes to see taxes going up. second thing, it's okay if my taxes don't go up but yours do. do small business owners come to you and express their dismay
how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business?...
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180
Dec 23, 2012
12/12
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CNNW
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eye 180
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on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i have is that we're going to lose some customers, we're going to lose our shoppers and we've been here for ten years. >> for clothing store owner lindsay boucher. it's been a rough few years since the recession. now she says she's terrified we're on the verge of tumbling back in. >> i think the effects of them not coming up with a plan is going to be devastating and i see a huge, a bigger recession. >> the prospect of higher taxes next year means boucher is cutting back now. trimming staff for january and february, only buying clothing she's sure will sell. her goal, just to keep her business afloat. >>
on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i...
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Oct 26, 2012
10/12
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CNBC
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eye 161
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if we have to go into this fiscal cliff business, 2% growth, 1.5% growth affords us no safety margin whatsoever. >> that's exactly right, larry. i mean you can't take a 600 billion dollar tax hike and set a spending cuts even if you're a case withy keynesian to think growth would not be significant in the first half the year. no room to absorb it. >> wlits 2% or 1.5% or whatever do you see a recessionary threat, in other words this is a growth stall and in the old days economists used to call this kind of thing a growth recession. you yourself worry about a recession. >> we know we have a revenue recession. we have a profits version. we have a capital goods recession. now we have to look forward to austerity. my own take is that washington is giving us a binary choice. either to embrace 1 trillion deficits going back four years and trillion deficits every year until we have a bond crisis and market crisis or go over the fiscal cliff. we have to do something. >> would you go over the cliff? alan greenspan would go over the cliff. alan greenspan said let the tax revenues go up. >> if w
if we have to go into this fiscal cliff business, 2% growth, 1.5% growth affords us no safety margin whatsoever. >> that's exactly right, larry. i mean you can't take a 600 billion dollar tax hike and set a spending cuts even if you're a case withy keynesian to think growth would not be significant in the first half the year. no room to absorb it. >> wlits 2% or 1.5% or whatever do you see a recessionary threat, in other words this is a growth stall and in the old days economists...
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658
Dec 30, 2012
12/12
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CNNW
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it is our last, best, and only hope for stopping this fiscal cliff business. we are going to speak to a republican lawmaker in a moment, and marcia blackburn and in the meantime, you are watching the speciacoverage here on cnn and don lemon and me and our colleagues in washington. we will be right back. s with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of perfection. >>> as republicans and democrats are at an impasse, both sides are blaming each other, and the markets will open up by the way in asia in the next couple of hours and you might start to see a reaction, but although, i don't know what they have to react to, but our own markets will open in 14 hours from now here in the united states. maybe they will react to something, too, but my point is that congress could ruin a good economy. for perspective, we will talk to a republican from tennessee, representative marcia blackburn. thank you for being with us. >> good t
it is our last, best, and only hope for stopping this fiscal cliff business. we are going to speak to a republican lawmaker in a moment, and marcia blackburn and in the meantime, you are watching the speciacoverage here on cnn and don lemon and me and our colleagues in washington. we will be right back. s with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of...
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Nov 28, 2012
11/12
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FOXNEWSW
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eye 109
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how the fiscal cliff impacts their businesses. griff jenkins speak was the vice president and general manager of family owned company, princeton tech. >> we've been making products for the military over 10 years now. the military is being a u.s. manufacture they came to us, saw our product at various retailers, our headlamps and said that is a great headlamp. make changes and it will be a better headlamp for the military. >> sek quest traigs then, can military cuts which seem to be forth coming could then force troops to have to buy their own headlamp? >> yes. we're seeing it already. >> already? >> yes. >> we're seeing it where budget comes are coming into play. we're getting calls from troops and things that, where can i buy the product? i need to buy 144 of them. we're sending them to places because they don't have the budget. they need the product. the government not giving them budget to buy. >> you make the military lights, you make the outdoor sports, hiking that sort of stuff. you make scuba diving lights. you make industr
how the fiscal cliff impacts their businesses. griff jenkins speak was the vice president and general manager of family owned company, princeton tech. >> we've been making products for the military over 10 years now. the military is being a u.s. manufacture they came to us, saw our product at various retailers, our headlamps and said that is a great headlamp. make changes and it will be a better headlamp for the military. >> sek quest traigs then, can military cuts which seem to be...
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Dec 23, 2012
12/12
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WTTG
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. >> let's start off talking about the big issue, this fiscal cliff business. there's a lot of talk going on, but is there any real progress being made? >> well, not now. everybody's gone home for a cooling off period. people are home for christmas. the president's out in hawaii. i'm sure the staffs are working on it, but, boy, i have to say, like a lot of people, up till thursday, i thought there was, you know, lot of posturing, lot of jockeying, they were going to get a deal done because the alternative was so terrible. after republicans defeated their own speaker, speaker boehner's plan that would only have raised taxes on people making a million dollars or more, less than 1% of all taxpayers and they thought that was too extreme, i'm not sure we'll get a deal. you could see that in the markets on friday, which went down 100 points. >> another big issue that has everyone talking is what happened in newtown, connecticut, because that has sparked this gun control debate. no matter what side you're on, you'll be talking about that as well. >> we are, indeed. fi
. >> let's start off talking about the big issue, this fiscal cliff business. there's a lot of talk going on, but is there any real progress being made? >> well, not now. everybody's gone home for a cooling off period. people are home for christmas. the president's out in hawaii. i'm sure the staffs are working on it, but, boy, i have to say, like a lot of people, up till thursday, i thought there was, you know, lot of posturing, lot of jockeying, they were going to get a deal done...
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Dec 26, 2012
12/12
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CNBC
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stick around for our cliff discussion and more video on the fiscal cliff as well. you're watching cnbc, first in business worldwide. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor righ
stick around for our cliff discussion and more video on the fiscal cliff as well. you're watching cnbc, first in business worldwide. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male...
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Dec 26, 2012
12/12
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CNBC
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the fiscal cliff makes me uncertain as a business owner. makes me wonder should i expand, should i hire more people, do i need to lay people off? the bottom line, we're at this point because of the lack of leadership. it's an embarrassment how washington's acting. i am begging somebody in washington, step up. be accountable. take responsibility, and solve the root cause of these issues. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! executor of efficiency. you can spot an amateur from a mile away... while going shoeless and meta
the fiscal cliff makes me uncertain as a business owner. makes me wonder should i expand, should i hire more people, do i need to lay people off? the bottom line, we're at this point because of the lack of leadership. it's an embarrassment how washington's acting. i am begging somebody in washington, step up. be accountable. take responsibility, and solve the root cause of these issues. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male...
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200
Oct 14, 2012
10/12
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CNBC
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eye 200
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. >> something else holding growth back is the fiscal cliff. you mentioned it earlier. it's looming for businesses and investors out there. how do you think it's going to be resolved when all is said and done? >> i think once the election is over, bill, regardless of who wins, we'll deal with the cliff. if the president is reelected, then the republicans will deal with it because they know that the president's leaving in four years. if the republicans win, there will be running to try to fix things. i think it will be dealt with. it might be messy. i don't think it's in either party's interest to have massive tax hikes go in as planned. it will be dealt with. the economy will avoid a recession. congress and washington in general is not that irrational. >> so many head winds. in your view, bottom line, is the u.s. still the best house in a bad neighborhood? what should investors be doing? >> one should not panic. start to take money out of the bond portfolios that have been seeing massive inflows. perhaps some of the more cyclical names, move away from the dividend playe
. >> something else holding growth back is the fiscal cliff. you mentioned it earlier. it's looming for businesses and investors out there. how do you think it's going to be resolved when all is said and done? >> i think once the election is over, bill, regardless of who wins, we'll deal with the cliff. if the president is reelected, then the republicans will deal with it because they know that the president's leaving in four years. if the republicans win, there will be running to...
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Dec 20, 2012
12/12
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CNBC
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i think it's really the fiscal cliff. all the attention on the fiscal cliff and no action is really producing i think a dampered view from small business and they're kind of waiting on the sidelines right now. >> but on the other side, if you're a company and we go over the fiscal cliff, how the heck do you figure out the paycheck and what has to be taken out unless you call paychecks? >> depending on the number of regulations, there's probably going to be more regulation and that does help us. but we'd like to see new business formation get back to where it was a few years ago and i think you have to get past these things. what you're seeing in our clients, they're not opening up their second location, not hiring more employees. it's kind of quiet. our client base is still positive but it's starting to moderate. 1.8 to 1.2 is a key metric. the journal felt that it wouldn't happen and it didn't but now it does seem to be happen happening. >> the 1.2 was impacted by hurricane sandy. we had about 20% of our clients impacted
i think it's really the fiscal cliff. all the attention on the fiscal cliff and no action is really producing i think a dampered view from small business and they're kind of waiting on the sidelines right now. >> but on the other side, if you're a company and we go over the fiscal cliff, how the heck do you figure out the paycheck and what has to be taken out unless you call paychecks? >> depending on the number of regulations, there's probably going to be more regulation and that...
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Dec 24, 2012
12/12
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CNBC
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>> nominal is, you know, real plus inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there could be a bungee jump where you go over for a couple days and come back. >> if you're a market timer and you believe in your bungee do you think there's going to be an opportunity? >> absolutely. because i truly believe. the good news is, is this is setting ourselves up for true entitlement and tax reform in 2013. it could be six months from now. it could be a very difficult first six months. >> you're looking for a baby deal now? >> there's probably going to have to be a baby deal, partly because of amt. you cannot retro actively fix amt. that would hit millions of people. it's a very, very big deal. very, very costly. everyone would get blamed for it. then there's another things that are part of the deal that you could wait for. payroll tax, that's $160 million. we have obama care taxes. we know those are going through. >> the payroll
>> nominal is, you know, real plus inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there could be a bungee jump where you go over for a couple days and come back. >> if you're a market timer and you believe in your bungee do you think there's going to be an opportunity? >> absolutely. because i truly...
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Dec 28, 2012
12/12
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CNBC
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, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, ri
, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us...
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Dec 5, 2012
12/12
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CNBC
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business, continue to grow and at the same time make sure we solve this fiscal cliff. each and every day as we walk the halls you continue to ask the question. we want the answers solving fiscal cliff. we put be a offer on the table. the president now has to engage. i think the next 72 hours are critical. he sits back and continues to play politics, that will give you answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> as fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he
business, continue to grow and at the same time make sure we solve this fiscal cliff. each and every day as we walk the halls you continue to ask the question. we want the answers solving fiscal cliff. we put be a offer on the table. the president now has to engage. i think the next 72 hours are critical. he sits back and continues to play politics, that will give you answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead....
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Aug 15, 2012
08/12
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FOXNEWS
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eye 114
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the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts our customers. to give you context, our motto is we deliver power. we make wire and cable products that move power and inside every kind of building you can imagine, homes, many of your viewers probably have our wire mind their walls and commercial installations and retail space and apartment building and it is like. and factories, et cetera. so we have quite a window into the conduction markets around the united states. i can tell that you our customers are very, very concerned about this fiscal cliff and believe it can cause them great damage on their businesses. >> greta: is it the uncertainty of what is goi
the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts...
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Aug 6, 2012
08/12
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CNBC
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fiscal cliff. massive tax increases and spending cuts at the same time. which is, of course, recipe for recession. chris edwards says this is hurting the economy and businesses right now. cn the economic impact stoetly overrated. joe, you say this is an overblown situation. explain. >> well, maria, we have been talking about this, many have, since march. it has been out there in the marketplace for a while. if you look at capital spending, it has been growing at 6% annualized rate in the first half of the year. job growth has been averaging about 150,000 a month. same pace that it was last year. it is not a great economic environment but it is one we keep trending along and many in the market realize that ultimately this cliff will be del aid and pushed out and somehow reconciled in some way. >> you think it will be reconciled in some way. that's what we were talking about last summer. with the debt ceiling debate. and for -- month and a half or two months, americans just waited to see what would h
fiscal cliff. massive tax increases and spending cuts at the same time. which is, of course, recipe for recession. chris edwards says this is hurting the economy and businesses right now. cn the economic impact stoetly overrated. joe, you say this is an overblown situation. explain. >> well, maria, we have been talking about this, many have, since march. it has been out there in the marketplace for a while. if you look at capital spending, it has been growing at 6% annualized rate in the...
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Nov 14, 2012
11/12
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CNN
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it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say look, we're going to go with the mandate the president has. >> all right, we'll see. thanks so much. >> thank you. >> we'll bring you the president's news conference later this afternoon. 1:30 eastern time we think, so tune in to cnn for special coverage with wolf blitzer. that begins at 1:00 eastern. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so
it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say...
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Nov 30, 2012
11/12
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CNBC
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. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting
. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the...
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Dec 26, 2012
12/12
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FOXNEWSW
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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Nov 29, 2012
11/12
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MSNBCW
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to give to a longer range solution on entitlements and tax reform? >> there are a lot of options on the table, including that one. >> mr. speaker, before the election, you were asked whether if obama won taxes would have to go up. and you've made it sound like you would oppose that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolve
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of...
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Dec 27, 2012
12/12
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WBAL
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. >>> the fiscal cliff isn't the only piece of business congress hasn't finished as the year draws to a close. the farm bill, which has a major impact on prices of all kinds of food expired three months ago, and unless they approve a new one soon, it could mean very bad news at your local supermarket. here's nbc's stephanie gosk. >> reporter: the dairy industry is calling it the milk cliff. just like tax rates, if congress doesn't approve a farm bill by january 1st, the price of milk could go up. way up. right now, an average gallon costs $3.65. it could soar to between $6 and $8. >> that would be a pretty big impact. >> we would probably still be going through it but maybe cut down on other things. >> reporter: it wouldn't be just milk prices. all dairy products would be affected. imagine if wisconsin cheddar costs more than imported french brie. what would that mean for the average grilled cheese? one part of the large and very complicated farm bill controls the dairy market. without it, pricing would go back to an outdated law put in place during the truman era. the government woul
. >>> the fiscal cliff isn't the only piece of business congress hasn't finished as the year draws to a close. the farm bill, which has a major impact on prices of all kinds of food expired three months ago, and unless they approve a new one soon, it could mean very bad news at your local supermarket. here's nbc's stephanie gosk. >> reporter: the dairy industry is calling it the milk cliff. just like tax rates, if congress doesn't approve a farm bill by january 1st, the price of...
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Dec 28, 2012
12/12
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the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be wat
the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has...
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Dec 31, 2012
12/12
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stay with us. >> the looming fiscal cliff is leaving many small businesses in limbo in this country. some owners say uncertainty over potential tax hikes is keeping them from expanding and hiring new employees and analysts warn, that's a recipe for disaster in this already sluggish economy. anna kooiman joins us with more. many small businesses owners say they're kind of operating on the defensive right now. >> it's tough to plan. they're making decisions based on business coming in and the risk of losing it all. arthur cooper is concerned that the change in tax rates will hurt his ability to hire so he doesn't want to expand. >> when you don't know what the rules are, all right? and that's-- it's hard to be aggressive and it's hard to-- it's hard to be really resolute and you know, in your business planning. >> and barbara says she and her husband own an architecture firm and are worried if congress agrees to raise taxes on people in their income bracket, the company will suffer as they try to make up the the difference in salary increases. >> i don't want to lay anyone off there ar
stay with us. >> the looming fiscal cliff is leaving many small businesses in limbo in this country. some owners say uncertainty over potential tax hikes is keeping them from expanding and hiring new employees and analysts warn, that's a recipe for disaster in this already sluggish economy. anna kooiman joins us with more. many small businesses owners say they're kind of operating on the defensive right now. >> it's tough to plan. they're making decisions based on business coming in...
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Jul 15, 2012
07/12
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cliff that we're facing at the end of the year, those are the core issues that are going to drive voters in november. >> top republicans take your point, they say that governor romney has do a much better job of laying out an agenda for the future? our abc news/washington post poll shows that that can help him now. does governor romney need to put out more aggressive, bold, visionary agenda da? >> i think governor romney has a bold agenda moving forward that he's going reduce our debt, get our fiscal health in order. he has a tax reform plan, it's very different from the president's. not increasing taxes on small businesses. he as an agenda moving forward. it's very important. he has the experience to get americans working again. this president isn't focusing, he's focusing on these small things because he doesn't want to focus on the economy which is where we need leadership now in our country. >> finally, you have been mentioned as a possible vice presidential candidate. would kond leez sa rice be good? >> yes. >>> coming up, our powerhouse roundtable takes on the toughest week yet. >>
cliff that we're facing at the end of the year, those are the core issues that are going to drive voters in november. >> top republicans take your point, they say that governor romney has do a much better job of laying out an agenda for the future? our abc news/washington post poll shows that that can help him now. does governor romney need to put out more aggressive, bold, visionary agenda da? >> i think governor romney has a bold agenda moving forward that he's going reduce our...
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Dec 27, 2012
12/12
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with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year, aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences, out wherever they are around the country and we're here trying to get something done. >> we're awaiting reaction from the senate minority leader, mitch mcconnell. when that happens we'll go live to the senate floor but a spokesman for john boehner says senator re
with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about...
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Nov 13, 2012
11/12
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tomorrow for their input on solving the fiscal cliff. but not one of them is a banking ceo. what's behind the snub? we'll hear exclusively from one top bank ceo straight ahead. >>> then, the ceo of the new york stock exchange will join me next on how to fix the debt. back in a moment. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are
tomorrow for their input on solving the fiscal cliff. but not one of them is a banking ceo. what's behind the snub? we'll hear exclusively from one top bank ceo straight ahead. >>> then, the ceo of the new york stock exchange will join me next on how to fix the debt. back in a moment. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval...
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Nov 30, 2012
11/12
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> good morning. i'm mika brzezinski along here with joe scarborough, and this is "way too early." it's just "way too
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> good morning. i'm mika brzezinski along here with joe scarborough, and this is "way too early." it's just "way too
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Dec 28, 2012
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leaders to brief them on fiscal cliff developments. i'm told that the president himself will not be on that conference call, but that the ceos will get the latest on what's going on with the fiscal cliff, and you can imagine that that is part of an overall effort here by the white house to sort of win hearts and minds in the business community. they really, really want the business community out there on their side pushing capitol hill to get a deal done, so that's what that meeting is going to be all about at 5:30 >> i hope somebody has a cup of hot tea for you there, my friend. rest your voice. >> reporter: will do. >> i know you'll be with us a little further down the road. meantime, as all of this is developing and the meeting in the white house has broken up, the futures markets, and admittedly they are going to be very thinly traded right now, but they continue to move sharply lower, down another 1.7% from the close, now we're at the 12,770 level on the dow jones futures right now. >> that's the march contract. >> so this is not
leaders to brief them on fiscal cliff developments. i'm told that the president himself will not be on that conference call, but that the ceos will get the latest on what's going on with the fiscal cliff, and you can imagine that that is part of an overall effort here by the white house to sort of win hearts and minds in the business community. they really, really want the business community out there on their side pushing capitol hill to get a deal done, so that's what that meeting is going to...
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Dec 5, 2012
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we'll and jeff solomon -- what other effects the fiscal cliff is having on business and investment. and reminder, here we go again, this is -- don't miss steve liesman's exclusive interview. >> read it, joe, it's what the company wants you to do. >> with treasury secretary tim geithner. liesman will be on at 4:00 he'll also have geithner. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> welcome back to "squawk box," everyone. let's take a look at shares of walgreens. november same store sales fell by 6.2%. that is smaller than the 7.3% drop that analysts had been expecting. >>> and a big deal just made official moments ago, freeport mcmoran is buying two companies. the combined price about $20 billion. now owns about 31% of mcmoran exploration. take a look at that, up about 25% for plains exploration. >> mm-hmm. >>> and another company moving up its dividend, best b
we'll and jeff solomon -- what other effects the fiscal cliff is having on business and investment. and reminder, here we go again, this is -- don't miss steve liesman's exclusive interview. >> read it, joe, it's what the company wants you to do. >> with treasury secretary tim geithner. liesman will be on at 4:00 he'll also have geithner. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus...
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Nov 30, 2012
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cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan lothian. dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion
cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan...
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Dec 14, 2012
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>> people tell me that the housing business is the one that will be hurt most by fiscal cliff, but bank of america is an inexpensive stock. not my favorite bank, but banks are trading together and bank of america will do well if we solve the fiscal cliff. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> coming up, engine of growth? the power outages that followed superstorm sandy gave many homeowners a wakeup call. as the rebuild continues, could an investment in engine company briggs & stratton help plug you into a strong trend? cramer is speaking to the ceo to find out. >>> after a tough day like this she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. ito(all) the gulf!ione. spot on earth. it doesn't matter which of our great states folks vi
>> people tell me that the housing business is the one that will be hurt most by fiscal cliff, but bank of america is an inexpensive stock. not my favorite bank, but banks are trading together and bank of america will do well if we solve the fiscal cliff. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >>> coming up, engine of growth? the power outages that followed superstorm sandy gave many homeowners a wakeup call. as...
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Dec 13, 2012
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meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> a new nbc news wall street journal poll finds that nearly half the country does not think a deal will be reached. by a 2-1 margin, voters trust the president to handle the negotiations over speaker boehner. the last speaker of the house nancy pelosi had some stern advice for mr. boehner. >> you can bring a bill to the floor that the republicans don't have to vote for except for 25 of them. i had to do it as speaker. do you know what it was like to bring a bill to floor to fund the war in iraq. it's tough, but you have to do it, so is the point that you don't want to put your member
meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisions by creating uncertainty or...
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Aug 22, 2012
08/12
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government waste or the cost of doing business? we had an interesting segment today. we found out that the federal government spends more than $15 billion a year on travel which is half of the size of the entire budget for the u.s. justice department. and according to the senator to coleburn is wasteful and some of them are conventions where you do zip lining, and who is doing them? according to darrell issa, everybody. the department of internal a affairs is being invested for spending $5 million on two conferences in orlando last summer. this headline comes after the 9th circuit court of appeals, one of the most influential courts spent millions in maui. tom is with us, and he tracks waste and fraud. and i want to talk about the veterans affair before we get to the maui situation. two conferences in orlando, and representative issa says they spent $52,000 for a video for the training conference, and then $82,000 on pens and hand sanitizers and i mean, i feel badly make a joke about this, but isn't that absurd? >> it is absurd because the gsa conference scandal has o
government waste or the cost of doing business? we had an interesting segment today. we found out that the federal government spends more than $15 billion a year on travel which is half of the size of the entire budget for the u.s. justice department. and according to the senator to coleburn is wasteful and some of them are conventions where you do zip lining, and who is doing them? according to darrell issa, everybody. the department of internal a affairs is being invested for spending $5...
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Nov 11, 2012
11/12
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let's talk about the first order of business. that fiscal cliff that's coming. the two main players have said they know they have to deal with it. the president says he's determined to find compromise. >> i want to be clear. i'm not weded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you exami
let's talk about the first order of business. that fiscal cliff that's coming. the two main players have said they know they have to deal with it. the president says he's determined to find compromise. >> i want to be clear. i'm not weded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our...
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Dec 26, 2012
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gregg: we are just five days away from the fiscal cliff deadline, and with massive tax hikes and spending cuts set to kick in january 1, a growing number of lawmakers are now saying they are skeptical about reaching a deal at all. especially when the main sticking point remains whether to increase tax rates for top earners. so if washington cannot make a deal, what does it mean for you and i? ordinary taxpayers? molly henneberg is live in washington. >> reporter: hi, gregg, i have an answer for you, taxes will be going up for almost everyone if we go over the cliff, and it likely will take a toll on an already-stretched family budget. let's look at these numbers from the tax policy center. for those whose taxes do go up, this is the average tax hit families will take on top of what they already pay in taxes. below $10,000 they'll pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000, they'll have to pay an extra $1700. looking at the next set of numbers for wage earners, $50-$75,000, they'll have to find an extra $2300 to send to washington, an
gregg: we are just five days away from the fiscal cliff deadline, and with massive tax hikes and spending cuts set to kick in january 1, a growing number of lawmakers are now saying they are skeptical about reaching a deal at all. especially when the main sticking point remains whether to increase tax rates for top earners. so if washington cannot make a deal, what does it mean for you and i? ordinary taxpayers? molly henneberg is live in washington. >> reporter: hi, gregg, i have an...
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Nov 30, 2012
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we want to listen to speaker boehner making comments right now on the fiscal cliff. >> small business owners are regular men and women from all backgrounds who in today's economy are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because washington continues to spend too much. raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. if our economy doesn't grow, americans don't get new jobs. and the debt problem that we have will continue to threaten our children's future. as i said the day after the election the republicans are not seeking to impose our will on the president. we're seeking a bipartisan solution that can pass both chambers of congress and be signed into law by the president in the coming days. during the campaign
we want to listen to speaker boehner making comments right now on the fiscal cliff. >> small business owners are regular men and women from all backgrounds who in today's economy are facing challenges on a daily basis. the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because...
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Dec 12, 2012
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we've been talking all morning about the fiscal cliff and investing. i want to asking, the last time you were on the show, you were out promoting governor romney for president. you said, frankly, that if he didn't win, it might change things, might change the world of investing. president obama won. your guy lost. >> yeah. >> has it changed how you're seeing the world? >> we're so long term focused, the stuff we fund is 7-10 years to see if it will work as a business. it doesn't change anything we do at the moment. i think it changes the political situation a lot and the budget situation a lot. >> in the venture world, does this issue matter? we talk about it all the time for big businesses that employ a lot of people, it matters. in your world does it matter? >> matters less at the moment but a lot in the long run. questions we always worry about in the valley these days, what's the level of regulation? what are the industries we can regulate and industries we can fund innovators to cause disruptive change. the thing i'm worried about right now is pre
we've been talking all morning about the fiscal cliff and investing. i want to asking, the last time you were on the show, you were out promoting governor romney for president. you said, frankly, that if he didn't win, it might change things, might change the world of investing. president obama won. your guy lost. >> yeah. >> has it changed how you're seeing the world? >> we're so long term focused, the stuff we fund is 7-10 years to see if it will work as a business. it...
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Jul 23, 2012
07/12
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>> who said the fiscal cliff was stopping business at least on this monday morning. did you say that? i just did. comments. if you got comments, questions about anything you see here on "squawk," shoot us an e-mail. coming up a u.s. company that's hiring. there's only one problem. it says there aren't enough qualified applicants. we'll talk about that after the break. but before we do, check out u.s. equity futures. they are down about 1%. stay tuned for complete market coverage all morning long and my favorite segment when it comes back after the break. you'll see what we're talking about. maybe do a little sightseeing. or, get some fresh air. but this summer, we used our thank youpoints to just hang out with a few friends in london. [ male announcer ] the citi thankyou visa card. redeem the points you've earned to travel with no restrictions. rewarding you, every step of the way. redeem the points you've earned to travel with no restrictions. last season was the gulf's best tourism season in years. in florida we had more suntans... in alabama we had more beautiful
>> who said the fiscal cliff was stopping business at least on this monday morning. did you say that? i just did. comments. if you got comments, questions about anything you see here on "squawk," shoot us an e-mail. coming up a u.s. company that's hiring. there's only one problem. it says there aren't enough qualified applicants. we'll talk about that after the break. but before we do, check out u.s. equity futures. they are down about 1%. stay tuned for complete market coverage...
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Nov 12, 2012
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all of this in an attempt to avoid the so-called fiscal cliff. president obama has said he thinks democrats and republicans need to work together to prevent these tax increases and massive spending cuts. both sides have said they're open to compromise, but they're still at odds over whether or not to tax the wealthy. >> let's have a serious debate. don't scream and yell. it won't kill the country if we raise taxes on millionaires. really, the republican party is going to fall on its swords to defend a bunch of millionaires, half of whom are democratic and half of whom live in hollywood? >> reporter: republican leader john boehner said when he was talking about being open to new revenue, he was not talking about new tax increases. the president sits down with democrats and republican leaders here on capitol hill on friday. back to you. >> tracie potts in washington. thank you. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and n
all of this in an attempt to avoid the so-called fiscal cliff. president obama has said he thinks democrats and republicans need to work together to prevent these tax increases and massive spending cuts. both sides have said they're open to compromise, but they're still at odds over whether or not to tax the wealthy. >> let's have a serious debate. don't scream and yell. it won't kill the country if we raise taxes on millionaires. really, the republican party is going to fall on its...
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it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as individuals and make more than $250,000. >> it's absolutely true. i mean, but most small businesses, particularly my readers and the clients that i have, they're bracing for that. it seems an ineshvitablility th there will be increases in capital gains and interest rates and estate taxes next year and that all seems to be on the board. >> health care will get more expensive if they provide it. >> michelle, remember, it's not going cripple many small businesses. it's a deterrent from them investing and it's a deterrent from them hiring people and it's a deterrent against them hurting and it will not put the cli
it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as...
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Dec 19, 2012
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don't believe we'll go over the fiscal cliff and deal with big, big tax increases and severe spending cuts because it would have such a broad impact, negative impact on our economy. are you still confident that that is the case? >> well, suzanne, it's hard to be confident about anything when it comes to politics in washington. yeah, i think odds are we'll get a deal because it's in the interest of both the democrats and republicans. most fundamentalally it's in the interest of american people and our economy we get a deal. if it's not exactly by december 31st it's by inauguration day. much beyond that it will do significant damage, and i don't think policymakers want to go down the path. >> we hope you're optimistic and confident. we're trying to be here on this end as well. thank you. president obama has a new title, "time" magazine's person of year. we'll look the at why he was chosen and who he was up against. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive
don't believe we'll go over the fiscal cliff and deal with big, big tax increases and severe spending cuts because it would have such a broad impact, negative impact on our economy. are you still confident that that is the case? >> well, suzanne, it's hard to be confident about anything when it comes to politics in washington. yeah, i think odds are we'll get a deal because it's in the interest of both the democrats and republicans. most fundamentalally it's in the interest of american...